Wahed Invest LLC Has $230,000 Stock Position in Rollins, Inc. (NYSE:ROL)

Wahed Invest LLC raised its position in shares of Rollins, Inc. (NYSE:ROL) by 25.7% in the 1st quarter, Holdings Channel reports. The firm owned 4,963 shares of the business services provider’s stock after acquiring an additional 1,015 shares during the period. Wahed Invest LLC’s holdings in Rollins were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ROL. Norges Bank acquired a new position in Rollins during the fourth quarter valued at approximately $256,862,000. APG Asset Management US Inc. acquired a new position in shares of Rollins during the fourth quarter worth $77,075,000. TD Asset Management Inc increased its holdings in shares of Rollins by 217.3% during the fourth quarter. TD Asset Management Inc now owns 2,468,600 shares of the business services provider’s stock worth $107,804,000 after buying an additional 1,690,668 shares in the last quarter. Montrusco Bolton Investments Inc. acquired a new position in shares of Rollins during the fourth quarter worth $47,089,000. Finally, Epoch Investment Partners Inc. increased its holdings in shares of Rollins by 102.8% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,688,661 shares of the business services provider’s stock worth $73,744,000 after buying an additional 855,882 shares in the last quarter. 51.79% of the stock is currently owned by institutional investors and hedge funds.

Rollins Trading Up 1.3 %

ROL traded up $0.61 during trading on Friday, reaching $48.01. 1,606,672 shares of the stock traded hands, compared to its average volume of 1,801,598. The stock’s 50-day moving average is $48.39 and its 200 day moving average is $45.92. Rollins, Inc. has a 12 month low of $32.19 and a 12 month high of $50.87. The stock has a market capitalization of $23.25 billion, a PE ratio of 53.94, a P/E/G ratio of 3.76 and a beta of 0.70. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 0.41.

Rollins (NYSE:ROL) last announced its quarterly earnings data on Wednesday, July 24th. The business services provider reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. Rollins had a net margin of 14.23% and a return on equity of 40.10%. The firm had revenue of $891.90 million for the quarter, compared to analyst estimates of $895.02 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Equities analysts anticipate that Rollins, Inc. will post 1 earnings per share for the current year.

Rollins Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. Rollins’s dividend payout ratio is currently 67.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group reiterated a “neutral” rating and set a $49.00 price target on shares of Rollins in a report on Monday, April 15th. StockNews.com raised shares of Rollins from a “hold” rating to a “buy” rating in a research note on Wednesday, July 10th. Morgan Stanley boosted their price objective on shares of Rollins from $42.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $52.00 price target on shares of Rollins in a research report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $46.60.

Insider Activity

In related news, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $47.20, for a total value of $566,400.00. Following the sale, the chief executive officer now owns 288,671 shares in the company, valued at approximately $13,625,271.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Kenneth D. Krause sold 3,331 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $47.50, for a total value of $158,222.50. Following the sale, the chief financial officer now owns 90,747 shares in the company, valued at approximately $4,310,482.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jerry Jr. Gahlhoff sold 12,000 shares of the company’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $47.20, for a total transaction of $566,400.00. Following the completion of the sale, the chief executive officer now owns 288,671 shares in the company, valued at approximately $13,625,271.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,017 shares of company stock worth $948,707. Company insiders own 4.69% of the company’s stock.

Rollins Company Profile

Rollins, Inc, through its subsidiaries, provides pest and wildlife control services to residential and commercial customers in the United States and internationally. The company offers pest control services to residential properties protecting from common pests, including rodents, insects, and wildlife.